Notice No
:
Issue date :
MAS Notice 603 (Amendment) 2013
29 November 2013
BRANCHES, PLACES OF BUSINESS AND AUTOMATED TELLER MACHINES
___________________________________________________________
Introduction
1
This Notice is issued pursuant to section 55 of the Banking Act (Cap. 19) [“the
Act”] and amends MAS 603 on Branches, Places of Business, and Automated Teller
Machines [“the Existing Notice”] dated 22 Dec 2004 (last revised on 6 Feb 2008).
Amendments
2
The Existing Notice is hereby amended by (a) deleting the word “has” in the definition of “cardholder”, credit card” and
“charge card” in paragraph 3 and substituting the word “have”;
(b) deleting the words “Banking (Credit Card and Charge Card) Regulations
2004” in the definition of “cardholder”, “credit card” and “charge card” in
paragraph 3 and substituting with the words “Banking (Credit Card and
Charge Card) Regulations 2013” ;
(c) inserting immediately after the words “set up” in paragraph 9, the word
“at”;
(d) deleting the words “would not ordinarily grant its approval for such
temporary locations” in paragraph 9 and substituting with the following:
“would not ordinarily grant its approval for any such set up at
temporary locations”;
(e) deleting the words “Effective date” immediately before paragraph 18 and
substituting with the word “Commencement”;
(f) deleting paragraph 18 and substituting with the following:
1
“18 (1) This Notice shall take immediate effect.
(2) MAS Notice 603 dated 11 November 2002 and Circular No. BD
26/2003 dated 8 December 2003 are cancelled with immediate effect.”
Commencement
3
This Notice shall take effect on 1 December 2013.
2